SSP Group plc (LON:SSPG) Given Consensus Rating of “Moderate Buy” by Brokerages

SSP Group plc (LON:SSPG) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 244.50.

A number of analysts recently weighed in on SSPG shares. Citigroup lowered their price target on shares of SSP Group from GBX 360 to GBX 350 and set a “buy” rating for the company in a report on Monday, January 26th. Shore Capital Group reiterated a “house stock” rating on shares of SSP Group in a research report on Monday, January 19th. JPMorgan Chase & Co. dropped their target price on SSP Group from GBX 190 to GBX 170 and set a “neutral” rating for the company in a research report on Friday, December 12th. UBS Group reaffirmed a “neutral” rating and set a GBX 180 price target on shares of SSP Group in a research note on Friday, January 16th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 230 price target on shares of SSP Group in a report on Monday, January 19th.

Insider Activity at SSP Group

In other SSP Group news, insider Geert Verellen acquired 41,006 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were acquired at an average cost of GBX 181 per share, for a total transaction of £74,220.86. Also, insider Apurvi Sheth acquired 4,000 shares of SSP Group stock in a transaction on Friday, December 5th. The stock was acquired at an average cost of GBX 165 per share, for a total transaction of £6,600. Insiders have acquired 227,675 shares of company stock worth $38,884,478 over the last 90 days. Insiders own 1.01% of the company’s stock.

SSP Group Stock Performance

SSP Group stock opened at GBX 202.60 on Friday. The stock has a 50-day simple moving average of GBX 194.46 and a 200 day simple moving average of GBX 170.92. The stock has a market capitalization of £1.60 billion, a price-to-earnings ratio of -21.78, a P/E/G ratio of -0.77 and a beta of 1.88. The company has a quick ratio of 0.66, a current ratio of 0.44 and a debt-to-equity ratio of 852.29. SSP Group has a 12-month low of GBX 134.10 and a 12-month high of GBX 212.20.

SSP Group (LON:SSPG) last posted its quarterly earnings data on Thursday, December 4th. The company reported GBX 11 earnings per share for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 3.64%. On average, research analysts anticipate that SSP Group will post 13.1004016 earnings per share for the current fiscal year.

SSP Group Company Profile

SSP is a leading operator of food and beverage outlets in travel locations worldwide, with c.37,000 colleagues in over 600 locations across 36 countries. We operate sit-down and quick service restaurants, cafes, lounges and food-led convenience stores, principally in airports and train stations, with a portfolio of more than 550 international, national and local brands. These include our own brands (such as UrbanCrave, which brought the first “street eats” concept to airports in the US, Nippon Ramen, a noodle and dumpling concept in the Asia Pac region, and Juniper, a premium bar in the UK) as well as franchise brands (such as M&S, Starbucks and Burger King).